How to set up directors salary sacrifice superannuation

At the end of financial year, if the director/s have not been paying into their superannuation account, you may need to create a lump sum payment. This is created as both an allowance and deduction in payroll.

1. In the Options tab, click Allowance.
   
   
   
2. Click New.
   
   
   
3. Enter an Allowance Name and Description.
4. Select an Allowance Type of Directors Fee Payment.
5. Enter the Allowance amount (if you are paying more than 1 person this allowance and the amount varies, enter an allowance amount of 1).
6. Select the appropriate GL Account (yours may differ from the below screenshot).
7. Tick the Options that apply to this allowance.
8. Click Save.
   
   
   
9. In the Options tab, click Deduction.
   
   
   
10. Click New.
    
    
    
11. Enter a Deduction Name and Description.
12. Enter the same Deduction Amount as you entered for the allowance.
13. Select the relevant GL Account (yours may differ from the below screenshot).
14. Select a Deduction Type of Personal Contribution to Super.
15. Tick the Options that apply to this deduction.
16. Click Save.
    
    
17. Ensure any staff who are receiving this allowance/deduction has superannuation details in the Personal/Voluntary Superannuation Funds field.
    
    
    
18. Apply the Allowance and Deduction to relevant staff members.
    
    
    
    
    
19. In the Payrun, select both the Allowance and Deduction you have created, and ensure the Amount is the same in both.